Argentina among the top 10 countries with the most biotechnology companies
Con 340 empresas activas, Argentina se posiciona entre los diez países con más compañías de biotecnología a nivel global.
Argentina stands out as one of the countries with the highest number of biotechnology companies, ranking among the top ten globally. With 340 companies registered in 2023, the country’s bio and nanotechnology sectors have shown remarkable growth, positioning Argentina as a regional leader in scientific and technological innovation in Latin America.
In 2023, Argentina reached 340 registered biotechnology companies, a notable achievement that placed it among the ten countries with the most companies in this sector worldwide. This surge was driven by increased investment in research and development (R&D), institutional support, and public-private collaboration. The census conducted by the Center for Research on Transformation (CENIT), together with several public and private sector institutions — including the National Agency for the Promotion of Research, Technological Development and Innovation (Agencia I+D+i) — provided accurate data on the current state of the sector in the country.
The report highlights that biotechnology companies generated $1.323 billion in sales in 2022, with exports reaching $216 million. These figures reflect the growing economic weight of the sector, which not only contributes to local development but also plays an increasingly relevant role in international markets. Moreover, the Argentine biotechnology sector employs over 19,800 people directly, a significant portion of whom are dedicated to research and development.
The human talent behind biotechnology
A key aspect of Argentina’s success in biotechnology lies in its specialized human capital. The census revealed that 27% of personnel in the sector hold at least a university degree, demonstrating the high level of academic qualification among workers in the field. Furthermore, 6% hold a doctoral degree, while another 6% have completed postgraduate studies such as master’s programs or specialized training.
The presence of women in entrepreneurial teams is another important indicator. Female participation reaches 50%, marking a significant step forward in the inclusion of women in a traditionally male-dominated sector. This balance demonstrates the inclusive and diverse potential of Argentine biotechnology, promoting not only gender equity but also creativity and innovation by incorporating a wide range of perspectives into scientific development.
Economic impact and future opportunities
The biotechnology sector in Argentina is not limited to sales and employment figures; it also presents significant opportunities for further development and expansion. Most biotechnology companies are located in the provinces of Buenos Aires, Santa Fe, and the Autonomous City of Buenos Aires. However, the sector’s growth is not confined to these regions. Biotechnology startups have played a key role in expanding the industry. Of the 340 companies registered, 140 are startups founded since 2015, underscoring the dynamism of Argentina’s entrepreneurial ecosystem.
Nanotechnology has also contributed positively to the country’s economy. In 2022, nanotechnology companies recorded $27.5 million in revenue, with $6.4 million in exports. Argentina’s involvement in this field is growing, strengthening its position as an emerging leader in nanotechnology and its applications across various sectors such as health, agriculture, and energy.
The impact of Argentine biotechnology and nanotechnology extends to the global stage. Argentina has surpassed countries like Denmark, Norway, and Austria, establishing itself as an innovation hub in Latin America and a rising biotechnology power worldwide.
Argentina holds a privileged position in the global biotechnology landscape. With a rapidly expanding sector supported by a strong base of startups, highly qualified human capital, and a favorable institutional environment, the country has the potential to solidify its role as a leader in scientific and technological innovation. The sector’s figures reflect not only its current success but also the broad development opportunities it offers both nationally and internationally. With a solid scientific, technological, and human foundation, Argentina is poised to remain among the world’s most innovative countries.
